01-06-2022, 02:05 PM
(This post was last modified: 01-06-2022, 02:05 PM by ken-do-nim.)
I was just reading the other day in the magazine about a couple who went 100% into cash at the first news of the Pandemic in early February 2020, long before the markets reacted. As the market went down & down, their financial advisor thought they were geniuses. The problem is that they didn't know when to get back in. Even as the market started to rise again, they were nervous and stayed out. Eventually, because they stayed out too long in cash, they lost money relative to just having stayed in through the crash.